The mood is changing? |
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Hi everybody, welcome to a new day in forex market. Dollar continued recovering yesterday, as market players regain some faith in the American currency: while gold and oil are losing ground, and the U.S. authorities are suggesting a more sooner than later rate hike, majors are finally giving up some ground, yet we can not still confirm a more important dollar recovery: there are longer term key levels still to consider before diving into a bullish dollar. In a few minutes, we have a good number of heavy data in Europe and England, all expected negative for the two regions: let???s see if dollar still have the strength to continue.
These are the most relevant news for today East Time:
04:00 EUR German IFO July - Business Climate (Expected 100.2 Previous 101.3) Current Assessment (Expected 106.5 Previous 108.3) and Expectations (Expected 93.2 Previous 94.7)
04:00 EUR Euro-Zone Current Account (Expected -0.5B Previous -0.3B)
04:30 GBP Retail Sales for June, MoM (Expected -2.6% Previous 3.5%) and YoY (Expected 4.4% Previous 8.1%)
08:30 US Initial Claims 07/19 (Expected 380K Previous 366K)
10:00 US Existing Home Sales June (Expected 4.95M Previous 4.99M)
Read More...Filed under: Forex Advisor
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